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Marydale Products permits its customers to deter payment by giving personal notes instead of cash. All the notes beat interest and require the customer to

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Marydale Products permits its customers to deter payment by giving personal notes instead of cash. All the notes beat interest and require the customer to pay the entire note single payment 6 months after issuance. Consider the following transactions, which describe Marydale's experience with two such notes: a. On October 31, 2019. Marydale accepts a 6-month, 10% note from Customer Ain lieu of a 54,200 cash payment for services provided that day. b. On February 28, 2020, Marydale accepts a 6-month, $1,800,7% note from Customer in lieu of a $1,800 cash payment for services provided on that day C. On April 30, 2020, Customer A pays the entire note plus interest in cash d. On August 31, 2020, Customer B pays the entire noto plus interest in cash Required: Prepare the necessary Journal and adjusting entries required to record Transactions a through din Marydales records

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